Co-operative Bank

'Lack of integrity'

The City's two watchdog's the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA) have publicly censured the Co-operative Bank failings including hiding the truth about its capital position.

The Co-operative Bank has failed a "stress test" carried out by the Bank of England designed to see if the banking sector could withstand another financial crisis.

The Co-operative Group has released details of its new governance structure following a review by ex-City minister Lord Myners.

The Co-operative Bank has received a £100m cash injection from its former parent as part of attempts to fill a £1.5bn black hole.

The Co-operative group has reported a record loss for the bank of £2.5bn after a "disastrous year" during which its banking division and the wider group came close to collapse.

Lord Myners has announced his shock resignation from the board of the Co-op Group, leaving the mutual in the middle of a review into its future.

It's our round-up of the stories your clients may have read in the national newspapers over the weekend

The Co-operative group said it has accepted Euan Sutherland's resignation as chief executive, and that chief financial officer Richard Pennycook will act as interim boss.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have launched enforcement investigations into failures at the Co-operative Bank which led to it receiving a rescue package of £1.5bn from its parent company.